Trader Wants SEC Attys DQ’d Over Alleged Privilege Breach

Law360, New York (November 17, 2017, 5:06 PM EST) -- A trading firm that the U.S. Securities and Exchange Commission sued for allegedly giving foreign fraudsters access to U.S. markets asked a federal court in Manhattan on Thursday to throw the SEC’s trial team off the case, saying it seems to have had access to privileged attorney-client emails for two whole years.

Avalon FA Ltd., a Seychelles-registered entity based in Ukraine, was accused earlier this year of using its account with Lek Securities Corp. to give subaccounts to fly-by-night traders in places like Russia and China...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.